Brokerage & Agency Cooperating Broker A broker who represents the buyer and shares commission with the listing broker.
Brokerage & Agency Cooperating Commission The portion of commission offered to the buyer’s broker by the listing broker.
Brokerage & Agency Designated Agency Different agents within one brokerage representing buyer and seller separately.
Brokerage & Agency Dual Agency When one agent or brokerage represents both buyer and seller in the same transaction.
Brokerage & Agency Exclusive Right to Sell The most common listing agreement, paying the broker regardless of who finds the buyer.
Brokerage & Agency Fiduciary Duty An agent’s legal obligation to act in their client’s best interest with loyalty and care.
Arizona Real Estate Law Sole and Separate Property An AZ vesting for property owned individually, often acquired before marriage or by gift.
Arizona Real Estate Law SPDS Seller’s Property Disclosure Statement — an AZ form where the seller discloses known material facts about the property.
Arizona Real Estate Law Subdivision Public Report The ADRE-issued report disclosing key facts about a subdivision, given to AZ buyers.
Arizona Real Estate Law Ten-Day Notice (Cure) An AZ notice giving a tenant 10 days to cure a non-rent lease violation.
Arizona Real Estate Law Well Share Agreement A recorded AZ document outlining joint rights and costs for properties sharing a domestic well.
